LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0267%/8h= −29.2% APRnext payment −$0.33 per $10,000 · paid last 24h −0.066%

Price spread now: GMX against Arcus−0.153%7-day average −0.039% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.246%−$25 on $10k

Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.153%, 7d avg −0.039%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and GMX is 0.114% cheaper against Arcus than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.039%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus LINK-USD	13.011	0.0100	pay 0.0013% / 1h	43m 35s	$182K	$168K	10x
Short	GMX LINK/USD [LINK-USDC]	12.991	L −0.0090% / S +0.0167%	pay 0.0021% / 1h	43m 35s	$1.8M	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ArcusbpFee GMXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$56.07
Price spread: −0.153% → −0.039%: −$11.39
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GMX: 6 bp × 2 orders: −$12
Net: −$83.96
Costs to cover: 0.165%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 25 min ago; GMX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Arcus live order book, 25 min ago	8.71 bp	19.8 bp −$20	36.5 bp −$365	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LINK on 40 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LINK/USD [LINK-USDC]short	L −0.0090% / S +0.0167%	1h	12.991	−0.153%	$1.8M	—	200x
Kalshi KXLINKPERP	0.0000%	8h	13.021	+0.076%	$467K	$2.3M	3.7x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.996	−0.115%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.696%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.087%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.999	−0.092%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.986	−0.192%	$954K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.996	−0.112%	$1.9M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.032	+0.165%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.992	−0.146%	$392K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.003	−0.059%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.998	−0.099%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.996	−0.115%	$120.1M	$302.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.991	−0.154%	$83.8M	$71.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.995	−0.123%	$27.3M	$84.0M	50x	as long as short
Arcus LINK-USDlong	+0.0100%	1h	13.011	long leg	$182K	$168K	10x
Gate LINK_USDT	+0.0100%	8h	12.990	−0.161%	$128.3M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.992	−0.146%	$34.6M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	−0.100%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.993	−0.138%	$53.9M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.995	−0.123%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.015	+0.031%	$342K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.173%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	−0.013%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	+0.016%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.015	+0.031%	$134K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.996	−0.115%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.004	−0.057%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.005	−0.045%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.004	−0.054%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.965	−0.356%	$639K	$871K	75x	as long as short
dYdX LINK-USD	+0.0101%	1h	13.007	−0.033%	$344K	$48K	10x	as long as short
Extended LINK-USD	+0.0104%	1h	12.993	−0.136%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.008	−0.021%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0219%	1h	13.011	−0.002%	$773K	$212K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	−0.054%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.987	−0.184%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0446%	1h	13.023	+0.092%	$80.0M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.009	−0.015%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0567%	8h	13.011	0.000%	$20.1M	$11.5M	50x	as long as short